Breaks Categories: News

TuesdayJul 31, 2018 9:24 am

CryptoNewsBreaks – Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) CEO to Convert Loans into Common Shares

Victory Square Technologies (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) this morning announced its plans to convert a total of $805,240.47, the majority of which encompasses loans advanced to the company by Victory Square CEO Shafin Diamond Tejani, into common shares in the capital of the company. The shares would be issued at $1.00 each, representing a premium of 19% per share, as the current market price is $0.84 per share. The conversion is subject to all requisite regulatory approvals and all shares issued shall also be subject to a four month hold period under applicable Canadian securities laws.…

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FridayJul 27, 2018 2:51 pm

CryptoNewsBreaks – SEC Rejects Bid for Bitcoin ETF

On Thursday, Fortune writer Jeff John Roberts examined the Securities and Exchange Commission’s decision to once again reject a bid to create an exchange-traded product for bitcoin, citing potential for market manipulation and a lack of liquidity. The decision came as a result of a request from the Winkelvoss twins to revisit a March 2017 ruling with a similar outcome. While the SEC’s decision did have an impact on bitcoin trading, with the cryptocurrency falling around three percent in the hours after release of the news, the Commission’s comments regarding the rejection could paint a more optimistic picture of the…

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FridayJul 27, 2018 10:17 am

CryptoNewsBreaks – Pacific Software, Inc. (PFSF) Engages NetworkNewsWire for Corporate Communications Solutions

Emerging development technology corporation Pacific Software (OTC: PFSF) this morning announced that it has engaged the corporate communications expertise of NetworkNewsWire (“NNW”). The company applies its Hyperledger blockchain-based technology system solutions to industries that benefit from valuable transparency and encrypted technology. As part of the Client-Partner relationship with Pacific Software, NNW will employ its investor-based distribution network of over 5,000 key syndication outlets, various newsletters, social media channels, blogs and other outreach tools to produce greater brand awareness for the company. To view the full press release, visit http://ccw.fm/a7j6K About Pacific Software Inc. Pacific Software, Inc. (OTC: PFSF) is an…

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FridayJul 27, 2018 9:40 am

CryptoNewsBreaks – SinglePoint, Inc. (SING) President and CEO Discuss Activity at the NIBA Conference in Interview on MoneyTV

SinglePoint, Inc. (OTCQB: SING) was a featured company on this week’s episode of MoneyTV with Donald Baillargeon. MoneyTV is an internationally syndicated television program discussing “money and what makes it happen.” In this week’s episode, SinglePoint President Wil Ralston and CEO Greg Lambrecht discussed highlights from the company’s recent attendance at the National Investment Banking Association (“NIBA”) conference in New York City. "We had a lot of attention from investors and funders. We're just really excited about what the next couple of months, after we're fully reporting, has in store for SinglePoint,” SinglePoint CEO Greg Lambrecht stated in the interview.…

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ThursdayJul 26, 2018 9:26 am

CryptoNewsBreaks – DPW Holdings, Inc. (NYSE American: DPW) Announces Enertec Corp.’s $4.3M Second-stage Contract Award

Diversified holding company DPW Holdings, Inc. (NYSE American: DPW) this morning announced that Enertec Corp., an Israel-based defense solutions group of Coolisys Technologies, Inc., a part of DPW Holdings’ diversified portfolio, has secured a $4.3 million second-stage contract award from an Israeli defense and aerospace contractor to supply computer-based command and control missile defense systems. Enertec previously developed and manufactured a deployable mobile command and control center for medium range ground-to-air missile defense systems for the same customer. Enertec anticipates the delivery of a substantial amount of the new project during 2018. “This project illustrates Enertec’s growing reputation as an…

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WednesdayJul 25, 2018 10:10 am

CryptoNewsBreaks – Virtual Crypto Technologies Inc. (VRCP) Holds Favorable Position as SEC Makes Encouraging Remarks Regarding Cryptocurrencies

Cryptocurrency-focused technology company Virtual Crypto Technologies (OTCQB: VRCP) this morning announced that it is encouraged as regulatory sentiment in the United States seems to be moving in favor of cryptocurrencies. The U.S. Securities and Exchange Commission ("SEC") is presently considering a Bitcoin exchange-traded-fund (“ETF”) proposed by the Chicago Board Options Exchange, with a substantial majority of the public demonstrating support for Bitcoin ETF. "The fact that a regulatory body as important as the SEC is seriously considering a Bitcoin ETF, as well as notable development in the cryptocurrency ecosystem such as MasterCard's intention to allow blockchain currencies to be transacted…

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TuesdayJul 24, 2018 10:06 am

CryptoNewsBreaks – DPW Holdings, Inc. (NYSE American: DPW) Announces Microphase Corp.’s $2.1M Contract with U.S. Defense Contractor

Diversified holding company DPW Holdings, Inc. (NYSE American: DPW) this morning announced that Microphase Corporation, a majority-owned subsidiary of Coolisys Technologies, Inc., a part of DPW Holdings’ diversified portfolio, secured a $2.1 million contract award from a first-tier U.S. government defense contractor to supply its sophisticated communications filters to be used in combat warfare system components. Since October 2015, Microphase has supplied earlier versions of the component to this defense contractor. Shipment of the component is anticipated to begin in late 2018 or early 2019. “We are committed to our customers and believe this significant, multi-year follow-on order illustrates our…

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TuesdayJul 24, 2018 9:31 am

CryptoNewsBreaks – Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) Enters Definitive Agreement to Acquire Stake in Cloud Benefit Solutions Inc.

Victory Square Technologies (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8), a venture builder that creates, funds and empowers entrepreneurs, this morning announced that it will acquire 15% percent of all issued and outstanding shares of Cloud Benefit Solutions Inc. (“Cloud Advisors”) for $300,000 CAD in total consideration, subject to all requisite regulatory approvals. Cloud Advisors is an established and rapidly growing Software-as-a-Service (SaaS) platform within the group life and health insurance industry. The purchase price will be paid by the company through cash installments, pursuant to a definitive share purchase agreement to be executed between Victory Square and Cloud…

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MondayJul 23, 2018 9:54 am

CryptoNewsBreaks – GreenBox POS, LLC (GRBX) Technology Demonstrates High Efficiency in Fraud Prevention

Innovative hardware and software technology company GreenBox POS, LLC (OTCQB: GRBX) this morning announced that TrustGateway, a key component of the company’s QuickCard payment system, has demonstrated a high efficiency in preventing fraud on the GreenBox payment platform. “There are other gateways, but none can compete with a blockchain gateway. TrustGateway is not only the best defense against fraud, but it also takes part in load-balancing and maximizing system uptime,” GreenBox Executive Vice President Ben Errez stated in the news release. “We do see daily fraud attempts from bad actors, but they simply can’t do any harm on blockchain gateways.…

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FridayJul 20, 2018 1:34 pm

CryptoNewsBreaks – House Committee on Agriculture Puts Spotlight on Cryptocurrency Confusion

“We should prohibit U.S. persons from buying or mining cryptocurrencies,” Rep. Brad Sherman (D-CA) proclaimed during a Wednesday hearing of the House Committee on Agriculture. “Mining alone uses electricity which takes away from other needs and-or adds to the carbon footprint. As a store, as a medium of exchange, cryptocurrency accomplishes nothing except facilitating narcotics trafficking, terrorism, and tax evasion.” As Mashable’s Jack Morse noted in an article published earlier this week, cryptocurrency is complicated. Perhaps it is this complication that led to some of the uninformed comments flying around during Wednesday’s meeting, but the use of electricity was just…

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